Senior Financial Crimes Risk & Compliance Manager

Bank of America; Charlotte (NC); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking a senior compliance professional to oversee money laundering, sanctions, and fraud risk within Global Financial Crimes. You will partner with Front Line Units and Control Functions to implement policies, monitor regulatory changes, and drive risk reporting to senior leaders.

The role requires seven years of AML experience, a related degree, and CAMS certification, with a focus on governance, data-driven decision making, and organizational risk management.

Qualifications

• Minimum of seven years of relevant AML experience.
• Knowledge of anti-money laundering (AML) legislation.

Responsibilities

• Advises and directs the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Produces and/or oversees independent financial crimes risk management reporting to GC&OR Senior Leaders and FLU/CF Senior Leaders
• Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers to identify and mitigate emerging risks
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Identifies, aggregates, reports, escalates, inspects, and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Reviews and challenges internal and external operational loss events, including the development of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately

Skills

Critical Thinking

Monitoring, Surveillance, and Testing

Regulatory Compliance

Risk Management

Coaching

Issue Management

Policies, Procedures, and Guidelines

Strategy Planning and Development

Written Communications

External Resource Management

Reporting

Talent Development

Education

Bachelor's Degree in related field

Certified Anti-Money Laundering Specialist (CAMS)

Job description

Bank of America is seeking a senior compliance professional to oversee money laundering, sanctions, and fraud risk within Global Financial Crimes. You will partner with Front Line Units and Control Functions to implement policies, monitor regulatory changes, and drive risk reporting to senior leaders.

The role requires seven years of AML experience, a related degree, and CAMS certification, with a focus on governance, data-driven decision making, and organizational risk management.